Ichimoku Cloud Analysis 27.08.2012 (GBP/USD, GOLD)

Analysis for August 27^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross” (1), but Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A is directed downwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is above the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Kijun-Sen, resistance of Tenkan-Sen and the price to fall down towards the cloud. Sell Limit and Stop Loss are placed above Tenkan-Sen.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance of Kijun-Sen and the price to continue falling down.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross”, both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is far above the chart, the price is above the indicator’s lines. Short‑term forecast: we can expect the price to grow up and move inside the channel between Tenkan‑Sen and Kijun-Sen.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected again above Kumo Cloud and formed “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud continues going up, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is below Tenkan-Sen. Short‑term forecast: we can expect support of Kijun-Sen, the price to grow up and move towards the cloud.